China's "Combination Fist" has strengthened its efforts to attract foreign investment, and these multinational enterprises have increased their investment in China

2023-09-26

Currently, China is increasing its efforts to attract foreign investment. Attracting foreign investment and actively attracting and utilizing foreign investment through a combination approach is an important part of promoting high-level opening-up and building a new open economy system. Recently, China has been attracting foreign investment with frequent actions. It is reported that the Ministry of Commerce will launch the "Foreign Funded Enterprise Problem Request Collection and Handling System" at the end of September. Assistant Minister of Commerce of China, Chen Chunjiang, pointed out that this is equivalent to setting up a roundtable for foreign-funded enterprises online. Enterprises can use this system to reflect on various problems encountered during project implementation and production and operation processes without leaving their homes, and can also provide opinions and suggestions for our work. In addition, the fourth Qingdao Summit of Multinational Corporation Leaders, jointly organized by the Ministry of Commerce and Shandong Province, will be held from October 10th to 12th. The press conference held on September 22nd by the National Development and Reform Office revealed that 316 multinational companies have registered. On September 18th, Pan Gongsheng, Secretary and President of the Party Committee of the People's Bank of China and Secretary and Director of the Party Group of the State Administration of Foreign Exchange, presided over a symposium for foreign-funded financial institutions and enterprises, listened to relevant opinions and suggestions, studied increasing financial support to stabilize foreign trade and foreign capital, and further optimized the foreign investment environment. JPMorgan Chase Bank, HSBC, Deutsche Bank, BNP Paribas, UBS Securities, Mitsubishi UFJ, Tesla, BASF, Trafigura, Schneider and other foreign financial institutions and enterprises participated in the symposium. On September 14th, the National Television and Telephone Conference on Stabilizing Foreign Trade and Foreign Investment was held. The meeting pointed out that to stabilize the basic situation of foreign trade and foreign investment, and complete the annual target tasks, it is necessary to make good use of policy space, find the right direction for development, take multiple measures and strike a good combination of policy measures, focus on helping enterprises stabilize orders and expand the market, and further optimize the foreign investment environment. Earlier, in August, the State Council issued the "Opinions on Further Optimizing the Foreign Investment Environment and Increasing the Attraction of Foreign Investment", focusing on the prominent concerns of foreign-funded enterprises and introducing a new batch of 24 targeted policy measures. Zhu Keli, Executive Director of the China Association of Information Technology and Founding President of the National Research Institute for the New Economy, told reporters from China New Finance and Economics that foreign investment, as a barometer of China's higher level of opening-up to the outside world, is related to the overall economic situation and employment situation. The recent series of measures to attract foreign investment demonstrates the high importance and positive attitude of the Chinese government towards stabilizing and expanding foreign investment. By optimizing the business environment, stabilizing foreign investment expectations, and enhancing the sense of gain for enterprises, the effect of open policies is constantly evident, in order to effectively stabilize investment demand and achieve high-quality attraction of foreign investment. Since 2023, many executives of multinational corporations have visited China intensively, stating that the Chinese market is not an "optional" option, but a "necessary" option. They will continue to increase their investment in China and deeply cultivate the Chinese market. Taikoo Coca Cola (Suzhou) Beverage Co., Ltd. recently announced the start of construction, with a total investment of 2 billion yuan, which is also Taikoo Coca Cola's largest strategic investment in China to date. Su Wei, the CEO of Taikoo Coca Cola, told the media that it is expected that the total investment of Taikoo Coca Cola in mainland China will exceed 12 billion yuan in the next decade. This is too ancient and delicious

Edit:Hou Wenzhe    Responsible editor:WeiZe

Source:chinanews.com

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